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CNBC
Jan 16, 2013 3:00pm EST
the economy, delaying hiring plans, capital investment plans and really everything from auto dealers in cleveland to farmers down in texas have cited the fiscal cliff as a major concern. that's something that's influencing their decision making right now. >> you would expect that given the fact that everybody is in lockdown mode as we wait to figure out what our tax rates are going to be, where the spending cuts are going to be, that it is going to impact the economy. my question is how much of an m impact going to see earnings? are they going to get hit? >> that's the key to the whole thing. as we said, the beige book numbers, when they came out there were cents. see earnings coming out, we will see comments and none are going to be positive. none will be excited about the future, and stock prices and multiples expand when people feel possible about the future. going to impact them? numbers might come in spot on. the whisper numbers, everyone is looking for, meaning hoping the numbers are a little bit bitter. i think as numbers come in, we'll start to see very little movement going
CNBC
Jan 23, 2013 3:00pm EST
at how the businesses and the economy is doing and juxtapose that against the politicians who aren't behaving very well, you have to be positive regarding the situation for the future stocks. >> so you like stocks more for the fundamentals than you do for any fed or congressional action right now. am i reading that right? >> absolutely, absolutely. i mean, for the third quarter of last year our stocks had earnings of over 6% which compares very favorable, and, you know, we're looking into the future and then we compare that to the general growth rates of the u.s. economy, and there's no question they are going to outperform so it has an impact. >> the imf lowered global growth numbers today, nobody seems to care because the money has to go some place and it's not going into the bond market. >> point well taken. in the past you talked about gold. >> was that long winded? >> we're about 15%, 20% in gold right now. listen, this is a stagflationry environment. going to get a lot worse. you have to own gold and oil. >> be globally diversified and multi-asset strategy. get engaged in secur
CNBC
Jan 17, 2013 3:00pm EST
the issues, regulatory issues and housing was really good today. the economy is feeling better and investors aren't feeling bad. earnings numbers pretty solid so people are voting with their dollars right now. things are positive. >> for how much longer, mike? you have to admit, a pretty good run for a while now. are we due for a pullback of some kind? >> due for a rest or a pullback, would i say, but i don't think it's anything that looks like it has to be too dangerous. in addition to all the things michael is talking about, the market's refusal to go down when everybody else is saying it's overbought, probably contributed to the fact that we have this give up move higher. chatter today that maybe the republicans won't go down to the wire and contest the debt ceiling increase. all these things have swept away a lot of nagging concerns and the next thing to worry about is people don't know exactly what the next thing to worry about s is. >> let's turn it over to you. what are you expecting throughout the rest of this earnings season. we haven't had any major blowoffs, but we're no
CNBC
Jan 18, 2013 3:00pm EST
embroil the economy and stock market in a new round of uncertainty but it kicks that can down the road, so is that why stocks are a bit tempered today? we'll take a look at that. the dow right now up 12 points. we are flirting with those five and a half year highs, 13,610 and change would be that five and a half year high so we're just pleau that right now. the nasdaq down another eight points at the moment at 3127 and technology among the groups suffering today. the s&p, again, here we go again. any positive close for the standard & poor's 500 would be another five and a half year high for the s&p. let's take a closer look at the markets in today's closing bell exchange with our guests. andres, you and i were talking about the markets earlier. what do you think? getting ahead of ourselves with the rallies we've had so far this year. >> earnings matter, and we're in earnings season. to a certain extent we might see some consolidation in the short term. if we look at valuations, still looks attractive or trading 13 times future earnings, 12 months ahead. the average has been 15 in
CNBC
Jan 15, 2013 3:00pm EST
returns as 2012 did. the fact is we still have a good fundamental backdrop. the economy is expanding. it's not contracting or growing. value sheets are strong and valuations are very attractive so what is there not to like? >> you're our resident skeptic today, and i would point not to the normal averages that we quote every day, but look at the dow transportation average which could close at an all-time high today. the transportation companies, often a leading indicator for the economy. if they are doing well. chances are the economy is going to get better. wouldn't that make you want to buy stocks right now. >> it does. we're not -- we're actually a little bit more bullish, esespecially the first six months of the year. we still are expecting slow growth, commodities where we're shorting assets, but in terms of u.s. and in terms of international, we do expect growth, and we are excited about what's happening, but later on in the year i think it's going to be another story. >> what do you mean by that, later on in the year? what's going to be the upset later on in the year? >> there
CNBC
Jan 22, 2013 3:00pm EST
have right now is the economy is getting better. the equity markets have improved. standard & poor's 500 was up. the s&p 500 was up 13%, 14%, up 4% year to date. >> right. >> the economy is starting to show good signs. as long as we don't have it derailed in washington. >> i was just going to ask. >> i think things could get better. >> could washington still screw this up? >> absolutely. i don't think it takes much to have another debt ceiling debate and debacle would not be helpful here. i think there's so much minon the sidelines between the retail investor and the corporate america today, has so much money to invest. get rid of some of that uncertainty and this economy will go. i'm quite bullish about that. >> can you provide guidance for this year without knowing exactly what washington is going to come up with? >> we gave a range. we don't give guidance. we give a range on a conservative side and optimistic side. we're right inside that range. had a great start to the year. we're ahead of consensus. we her record asset gathering and record guidance sales and great control. had a
CNBC
Jan 23, 2013 4:00pm EST
, the japanese and american economy. there is going to be hell to pay and it's going to happen soon. >> you're holding your news and buying. >> neil henessey, can we get back to all-time highs for the dow and the s&p. >> oh, michelle, i think easily. if you look at the dow jones right now, the price-to-sales ratio is 1.28. the most it will go up to is 1.5 so that leaves 17% on the upside or if hundred points. more importantly you look at the s&p 500 companies, they are sitting on 1.5 trillion in cash, 1.5 trillion -- >> hold on. you think 2,300 points in the dow? what are you talking about? >> very much so. >> i mean. you're talking about the high in 2007, michelle, was when the price-to-sales ratio of the dow jones was at 1.8. we're 40% away from that number, but, i mean, the companies are in great shape. there's so much cash sitting on the sidelines, and at some point in time the investors are going to get out of fix the income and move over towards equity. >> can i ask you a question and i'm very much concerned about this. what happens when the bond bubble bursts and those invest
FOX Business
Jan 23, 2013 3:00pm EST
overall be w. t. i fundamental seems strong and the u.s. economy is picking up. it does seem that spread will narrow long term with wti appreciating. cheryl: let me bring in caddy weisberg and bring up correction. you can't help but after the last five years what we have been through the back to 2008 you will. you did begin to get nervous when you see these markets trend higher day after day after day. >> no question, i agree with you. we are probably overbought if not way overbought short term but clearly the momentum, the minds of least resistance are on the upside and we continue to climb, we are in the sweet spot of earnings, fourth quarter earnings. on balance coming in pretty good, excellent earnings last night from ibm and google, high tech and in the case of ibm, multinational company and if you go back and look at g e's earnings which is a stock we own and we talk about proxy for a global economy those earnings were terrific and the growth was coming from all the areas, people thought we were getting soft. perhaps it is earnings and perhaps 70 unknowns even if we don't ne
FOX Business
Jan 17, 2013 3:00pm EST
today were that to drags on the economy, housing and employment. they are getting better and consistently better. the confidence will be there. here is the big fear. we have a climate of worry. we are at a plateau because the next is what is going on in washington d.c. that scares me more than anything have seen in this market in years. liz: i no d.c. is an issue. it is something we cannot control, sadly enough, but we can serve to control whether we are jumping into this market. people are still sitting on the sidelines holding their worries, missing rallies like this. >> that only cause more confusion because we are not really breaking out on explosive volume, which is also another concern. with the breakup like this you want to see volume ramp up, which would indicate to you that people really have a change of mindset. at 400 million shares, you are not really breaking out yet. some people -- liz: composite track. that would be the highest. let me get to the energy complex. everything is higher right now, jonathan. is this all the very tense and very worrisome situation? >
CNBC
Jan 22, 2013 4:00pm EST
indication of the strength of the global economy. yes, obviously, the fed is juicing this real, but cash on balance sheets is at record highs. unemployment seems to be stabilizing, and have you nowhere else to go, if you go to cash, what are you making, nothing? >> nothing. >> go to bonds, nothing. >> might as well put it in the mattress. >> exactly. >> watching google there. waiting for those numbers. not out yet. estimates coming down. rich peterson what, role does technology play in this market right now? how important are they? >> it's always the audio. >> in terms of the s&p capital estimates, looking for a 1.4% decline and earnings in the fourth quarter. however, you look at the low point for the earnings decline for the sector we're seeing upturned in the first quarter, second quarter 2013. however, i think, you know, we had a big rise with many m & a deals last year in the sector. investors should not be ignoring the risk out there. so far the s&p 500, so many headwinds out there in terms of what the fed may be raising rates some time. >> okay. so you see technology earnings bottomi
FOX Business
Jan 16, 2013 3:00pm EST
emergency bill ratifying dozens of conditions set by bail out lenders. the economy is being kept afloat by international eurozone members in the imf. and if you thought that credit card debt was for young adults, think again. older americans applied for more credit cards but pay down their debt easier. half of the older generation are seeking help from credit counseling services. we continue our countdown to the closing bell with list placement liz: 20 minutes away from the fourth quarter earnings release. what should investors be expecting? let's bring in our very own shibani joshi. >> and the investors the light of the last year, up 70%. the stock moving marginally higher, and earnings shows the strong finish to a transformational year. what's going on is that up until now, the growth has been fueled by paypal. this marketplace business that has taken place thanks to the mobile application. about 2 million listeners are uploaded using the mobile platform every single week. there you go, you can find whatever you need on ebay. the one we will have those numbers on "after the bell." let's
CNBC
Jan 15, 2013 4:00pm EST
as the u.s. debt as well as the global economy. according to rex macy it is. he thinks there's a good chance that risk fears will rise and, therefore, the market will pull back. will that be the moment for investors to get in. good to see you, gentlemen. thanks so much for joining us. what are you expecting in terms of this market 2013? >> sure. well, right now we're at 1472 on the s&p. we think it's going to go marginally higher from here, but it's not going to be a smooth ride. we've got a vix at 13 and change. that's too low. that's where the complacency comes from. you see it there. as we move into the debt ceiling debate, it can be far harder to solve than the taxes, we think the market can be down for a while, and before it comes back up. >> so you're looking for a decline, and perhaps that is an entry point for some. do you agree with that? >> i think any decline is an opportunity to buy, maria. i'm very, very bullish on u.s. equities and one of the main reasons i am the u.s. energy story which i think is a story that's not being told as well as it should be. in 2012 the u
FOX Business
Jan 21, 2013 3:00pm EST
the japanese economy. cheryl: i mean it's almost a currency war, if you will. i mean they are getting into a very crowded space, and with the pressure that we have seen in particular on the dollar, over the last two years, i mean, i'm wondering what that means for us. >> absolutely. they are starting to step on the toes of the fed. you know, the fed has been really priming the pump here, printing money, printing money in efforts to keep the dollar as weak as possible in this risk off type scenario market. so now some of these other central banks are now starting to fight back a bit, and the bank of japan has probably been the most aggressive in doing so with some of the easing that they have already done. cheryl: do you think they will do more easing? is that what you think is going to be the headline here? >> we have pretty much baked into the cake that they will be raising the inflation target to 2% from 1%. they are probably going to extend their asset purchases. they're really talking about different measures to dramatically weaken it. cheryl: there are other countries inv
FOX Business
Jan 15, 2013 3:00pm EST
of a struggle, and i think it's all about the guidance going forward. you know, the economy, you know, two steps forward, one step back, and corporate america can't carry the water. it will be difficult for the market, and priced pretty much to perfection at the current level with popular averages, not leaving room for disappointment. liz: hate one step forward, two back -- >> no, the other way. liz: either way, not moving fast. is that at a decent clip? >> actually, that's something we talked about last week on the show, and what we're looking at, again, south africa, right now, the mining situation is getting worse and worse, and -- liz: labor issues? >> the strikes, strikes, labor issues, and a threat that some of the major companies are shutting down the mines until they resolve this. we'll have a shortage in these areas, and, also, seeing platinum taking a bit of a piggy back ride up. it's at the 1680s mirroring where gold is now. silver is joining along for the ride. we're seeing a lot happening with the precious metals. liz: platinum is higher than gold for the first time
CNBC
Jan 16, 2013 4:00pm EST
your take of where we are in terms of the economy. a discussion about the fed earlier in terms of the beige book numbers. what do you think that tells us on where we are in the economy? >> look at numbers of the last week or two, retail production numbers for december, and they were actually pretty good. of course, the employment numbers we already know were soiled, and this is in a period where the uncertainty over the fiscal cliff was reaching a maximum. you know, maria, you think that's pretty encouraging that the economy has managed to cope with a high level of uncertainty. now the thing that kind of bothers me though is i'm a little bit worried that this coping is flipping over to complacency. the vix is now at a six-year low, and it tells me that the market is discounting 100% probability that we get through the debt ceiling without any trouble. that seems too high to me. >> so do you think the market is expecting that? i mean, when would you expect a big change in terms of the interest rate scenario? >> in terms of the interest rate scenario, probably nothing this year. i m
FOX Business
Jan 18, 2013 3:00pm EST
standard for the rest of the earnings season and what we do for the economy in the next two quarters. liz: and andrew, you could say -- what are you looking at as a trader going into what could be a little bit of a rocky february? we have half of january left or a little under that. what do you think? >> yeah, as we talk about the vix, the vix has not been up one day in all of january, already at january 18th, the vix futures have not been up one day. the market seems like it wants to go higher. i trade a lot with price action and price momentum, it seems like 1500 if not 1525 is in the cards very very soon. nothing is derailing us. we had bank earnings. morgan stanley, goldman sachs trading at 52 week highs. we had a bit of sell off in wells fargo and also jpmorgan. it is very stock specific. we saw intel down as well. next week, i'm looking at big cap technology stocks, earnings from apple and google -- liz: yeah, how about that. >> that's going to be important. liz: down again about 3/4 of a percent. i mean really? this is 11 month lows here andrew. >> if you look at apple, when i
CNBC
Jan 18, 2013 4:00pm EST
now that the global economies are recovering. if you heard schlumberger and ge today, both companies on their conference calls, talked about china being probably the best area for activity 2013. and i think that's very exciting, and that's the reason -- one of the main reasons why you want to be buying this market if you do get a little bit more volatility over the next week. in addition, i think the u.s. continues to do pretty well, too. so i like the market, and on volatility we're buying it. >> so, we've got an economic story that seems to be better from the macro point of view, dean. and by the way, i should point out this market rocketed at the end of the day, settled up 53 points on the dow jones industrial average. what does the macro story look like you to right now? >> the macro story is considerably better than it's been over the past couple of years, pes legs with the european contagion story. not done but off the table for now. obviously things like the debt ceiling and the dysfunction in washington are reasons for concern, but i think one of the factors that's underpinni
CNBC
Jan 17, 2013 4:00pm EST
result of washington and this slowing growth story for the economy. what are you seeing? >> well, 2012 was the year housing really made its statement at its back. it's not back to where it was, but surely we can now say housing has turned the corner so that's a good thing for the economy. when housing does well, everything else seems to do well. quite a multiplier effect. in fact, there's been no recovery in this country of size or stability without housing participating or leading. energy is doing pretty well. we see some manufacturing, but to be honest about it, the recovery is still not as strong as it needs to be. there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown
FOX Business
Jan 22, 2013 3:00pm EST
that affects the economy and possibly shortening the s&p. cheryl: let's go to the nymex. let's go back if we can do this crude story. natural gas still sitting at incredibly low numbers but really rising, what is going on in your opinion here? >> people are not afraid of a big move in crude. options are dirt cheap, usually protection against violence moves are a volatility in the market and giving them away. you can make a stronger argument natural gas is overpriced, but with crude, i don't know. always waiting for the next big news story. it has been a slow grind, nobody seems to care. tracy: gentlemen, thanks to all of you, appreciate it. investigators are gearing up for google's earnings. after the bell, we will have the numbers for you as soon as they cross. the biggest question in anybody's mind is can google keep up with facebook when it comes to mobile search revenue. it is a tough business. joining me now to talk about his expectations for google and what we should be looking for. seems to be about revenue and advertising. can they make the mobile platform work? >> the mob
Search Results 0 to 18 of about 19